2024 Budget: Don’t dare introduce new taxes – Finance minister warned

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Financial analyst and economist Emmanuel Dankwah stated in an interview that the 2024 financial policy to be presented by Finance Minister Ken Ofori Atta should not introduce new unnecessary taxes.

The Minister of Finance, Ken Ofori-Atta, is scheduled to present the government’s 2024 annual budget statement and economic policy to Parliament on Wednesday, November 15, 2023.

Ahead of the presentation, there have been calls for the government to significantly reduce its expenditure and scrap COVID-19 taxes, and the budget should bring a form of relief to ordinary Ghanaians.

He, therefore, appealed to the government that he should reduce expenditure to enable the weak economy to be strong.

Emmanuel Dankwa said he expects that the government will reintroduce tollbooth to generate funds for the government in order for his vision of the year of roads to be completed and to generate funds to help other sectors.

” I want to hear from the minister to scrap the COVID-19 levy tax or review the levy for the relief of the ordinary Ghanaians due to the hardship the Ghanaians are going through”, he said.

He also expects the government to put up measures that will help reduce inflation for various businesses to be expanded because the majority of businesses are struggling, which leads to a high unemployment rate in the country.

Furthermore, he stated, “It will be a surprise to the introduction of new taxes”. Although there is a financial crisis in the country.

Lastly, he added that the budget will determine the election held in December 2024. 

Source: Radiooneghana.com/Adomako Kester